CPF Expects Strong H2 Earnings on Hog and Chicken Prices

EarningsAnalystCorporate Action
โดย thunhoon.com·TH·Read original
Summary · why it matters

CPF forecasts strong earnings growth in the second half of 2026, supported by higher hog and chicken prices, as well as the "Thai Helps Thai Plus" measure that boosts sales, particularly through about 25,000 fresh market stalls, of which 60-70% participate, and franchises and food carts with 100% participation. Overseas businesses continue to grow, especially in the UK from chicken sales to KFC and Wingstop, while operations in Denmark, Sweden, and Japan are also improving. Broker Asia Plus expects Q3 2026 profit to grow quarter-on-quarter on better gross margin, with a "Buy" recommendation and a fair price of 25 baht per share. Meanwhile, CPFFB, a subsidiary (99.99% owned by CPF), will invest 51% in Brew Factory (BREW), a drinking water producer, for 334.7 million baht, which is only 0.06% of net assets, so it will not affect financial position but is considered a strategic investment.

Impact on stocks 5

Consumer Discretionary▲ · 3 stocks
Consumer Staples▲ · 1 stocks
Charoen Pokphand Foods Public Company Limited
CPF
▲ PositiveDemandCapitalrelevance

CPF forecasts strong H2 2026 earnings on higher hog and chicken prices plus the Thai Helps Thai Plus measure boosting sales through fresh market stalls, franchises and food carts.

Financials▲ · 1 stocks
Asia Plus Group Holdings PCL
ASP
▲ PositiveCapitalrelevance

Asia Plus issues a Buy recommendation and 25 baht fair price for CPF, a positive analyst valuation call on the covered stock.

Off-coverage companies 1

Brew Factory Co., Ltd.Private▲ Positive
Capitalrelevance

Brew Factory will receive a 334.7 million baht investment from CPFFB for a 51% stake, a strategic capital injection.

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